Success of any company is largely dependent on the leadership capabilities of the CEO. All companies which have succeeded is because its great leaders with effective leadership skills. Being a good business leader doesn’t necessarily mean you have to be workaholic and a control-freak. Your wisdom as the boss is what will make your company grow to be a multi-million company.
So here’s how you as a leaders can transform your company to be worth millions:
Leadership
The top trait of a successful young boss will always be their ability to lead others through alternating periods of victory and despair. Managing a team well means refusing to lose your head when things don’t go as expected (a lot of the time at a startup), and staying calm in the face of sudden stressors (again, a lot of the time). Another quality of a good leader is the ability to firmly say ‘no’ – while every request from investors, consumers and employees might sound appealing, a determined CEO will select the most important, and act on those alone. A boss with these characters can easily see the company growing to higher levels.
Fearlessness
There are times when you will feel like abandoning the company, especially if its a startup. That’s when you should work harder and stick with your company. Quitting at a sight of struggle is not a good leadership quality. You have to be fearless no matter the challenges you might face as young boss. World’s richest people and most successful CEOs are those who refused to quit when the going got tough.
Do Be Consistent
If you selectively enforce policy, you won’t be trusted. You’ll give the perception that you treat your favorites differently, even if that’s not true. A good leader keeps the same rules for all his team members and enforces them the same way every time.
Do Trust Your Crew
Micromanagement sends a signal to your crew that you don’t trust them. In addition, micromanagement wears out a leader as he’s caught up in detail work. Strong leaders delegate much of their work and allow their followers to complete the work in their own styles.
Communicate the mission and vision of the organization
The CEO must be able to communicate the vision and mission of the organization with passion and authenticity. He or she must have that passion and dedication to move the organization toward achieving the mission. Effective organizations share a common simple vision that should be easily articulated by all team members.
It is the CEO that sets the tone for the organization. Exceptional association leaders exude the mission and vision of the enterprise.
Personal Insight
Great CEOs are great leaders. They know themselves and what they stand for. They have been called on all their lives as problem solvers because others know them to be fair and impartial. People respect their opinions and look to them for guidance. Great CEOs are mature as people. They can suffer disappointment more gracefully than others and give others credit for their achievements. They don’t come in the office door yelling for something they need. They aren’t as concerned about titles or power structures as they are about the welfare of those who work at the company. They are trustworthy because they’ve always been honest with people and have earned that trust.
They care about families, and they know that people are more important than money and express it in their actions every day. Finally, great CEOs/bosses seek out feedback. They want to know how others see them so that they can understand themselves better and continue to grow as people.
They also want feedback about the company from an employee perspective, and they use surveys as a starting point for creating a dialogue to make things better. This, is how they create multi-million businesses.